22 March 2021
Visiongain has published a new report on Motor Lamination Market Report to 2031: Forecasts by By Technology (Electric Vehicle and IC Engine Vehicle) By Motor Type (Water Pump Motor, Starter Motor, Fuel Pump Motor, Others) By Technology (Welding, Bonding, Others) By Application (Performance, Comfort, and Safety). PLUS Profiles of Leading Motor Lamination Manufacturing Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios
Global Motor Lamination market was valued at US$ xx billion in 2019 and is projected to reach at a market value of US$ xx billion by 2031. The market is anticipated to witness positive growth over the forecast period, despite the disruptions created by COVID-19 in the year 2020.
COVID-19 Impact on Motor Lamination Market
COVID-19 negatively severely impacted the Motor Lamination market. The industry remained the one of the worst-hit due to a number of factors. Firstly, the announcement of nation-wide lockdown across major countries in the globe brought the passenger mobility to standstill, zeroing down the need of mobility services and the resultant sales of new vehicles. The growing culture of ‘work-from-home’ has adversely impacted the demand from the corporate sector which happened to be a key user of vehicles for daily commute need. The subdued economy and the advent of covid-19 remained key factors which decelerated the growth of the market.
Amid all the odds that COVID-19 has made to the motor lamination industry, there are several factors which are anticipated to work in favor of the players in the market. The growing global and regional focus on the adverse effect of tail-pipe emission and the implications of stricter emission norms to curb these emissions has led to increased governmental focus towards electric mobility. Governments across countries are offering attractive demand incentives, subsidies and loans. The growth of electric vehicle segment will act as major driver for the motor lamination market. Additionally, there is increased demand for performance motors which again offer growth opportunities to the players active in the market.
Major opportunity exists for players in the area of electric mobility and micromobility application motors. The increasing push by government to manufacture electric vehicles will require significant need for motor lamination. Opportunity exists both in passenger vehicle segment as well as two-wheeler segment.
Some of the company’s profiled in this report include Magcore, Wingard & Co, Partzsch Elektromotoren E.K., Pitti Laminations Ltd., Alinabal, Lamination Specialties, Lawkim Motors, R. Bourgeois, Euro Group Laminations, Tempel. Additional players in the market are Unilam Pressings, Laser Laminations, Sinotech, Aperam, Thomas Laminations, Polaris Laser Laminations, Lake Air, Orchid, Lcs Company.
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